Arian Silver Corp Extension of Exclusive Option over Tailings Project

 
TIDMAGQ 
 
ARIAN SILVER 
 
                                                                Trading Symbols 
                                                                       AIM: AGQ 
                                                                       FWB: I3A 
 
24 August 2016 
 
              Extension of Exclusive Option over Tailings Project 
 
Arian Silver Corporation ("Arian Silver" or the "Company") is pleased to 
announce that, further to its press release on 4 May 2016 which announced the 
Company had secured the exclusive right for 120 days to evaluate a gold and 
silver tailings project held by Tierra Nuevo Mining Ltd ("TNM"), the period of 
exclusivity has been extended by a further 60 days to 28 October 2016. There 
was no cost incurred in the arrangement of the extension. 
 
As reported previously, a NI 43-101 report prepared for TNM in 2012 outlined an 
indicated mineral resource containing 1 million tonnes with 3 grams per tonne 
(g/t) gold and 55 g/t silver, representing approximately 100,000 ounces (oz) of 
gold and some 1.7 million oz of silver. 
 
The Company has instructed Resource Development Inc. (RDi) of Denver, Colorado, 
to spearhead metallurgical testworks, and these testworks are progressing well. 
 
Jim Williams, Chief Executive Officer of Arian, commented, "The current suite 
of tests is intended to demonstrate the delivery of saleable gold concentrate. 
 
A flowsheet design is being developed based on 500 tonnes per day which given 
the resource of 1mt would equate approximately to a 5-year operation. 
 
We continue to evaluate other projects within Mexico and are currently working 
through a dossier of potential opportunities all of which are at least at 
advanced exploration stages. These include but are not limited to, all of Arian 
Silver's original projects other than Calicanto, such as San Celso and the 
surrounding satellite concessions." 
 
This announcement contains inside information for the purposes of Article 7 of 
Regulation (EU) 596/2014. 
 
For further information please contact: 
 
Arian Silver Corporation              Northland Capital Partners Limited 
Jim Williams, CEO                     Gerry Beaney / David Hignell 
David Taylor, Company Secretary       Tel: [phone] 
Tel: [phone] 
 
                                      OR 
OR 
 
Beaufort Securities Limited           Yellow Jersey PR Limited 
Jon Belliss                           Dominic Barretto 
Tel: [phone]              Tel: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

August 24, 2016 02:00 ET (06:00 GMT)